Construction industry is a main part of a nation’s foundation and modern growth. Even construction industry is the second biggest industry in India, the development of this industry has been differential the country over. Project cost and time is the critical factor as its overrun /under run which is directly impact on total project duration and cost. So, main preference wants to give for cost & time. For this, one of the best tools for analysing and measuring the efficiency of construction projects. Earned Value Management (EVM) is best method to tracking the progress in the construction project. Earned Value Management (EVM) is a system to extent performance and progress for your project. The basic principle of Earned Value is that the cost is relative to the work. It reflects time and cost factors to evaluate the efficiency and estimate completion time and costs. The main aim of our study is evaluating the cost and schedule for a commercial building by using earned value management. The present study deals with the project tracking process of “Earn Value Management”, a thirteen storeyed (G+12) commercial building whose construction is in progress at Pune. By using this process it can capable to find and control the delays and serious issues regarding time and cost. Primavera p6 is used in this analysis of cost, schedule & tracking of a project. Comparing to manual calculation, Primavera-P6 is an effective way to calculate Earned Value Analysis for the projects. It confirms whether our project is on schedule and on time, on budget.